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Shenyang Red Star Macalline Furniture Mall

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Shenyang Longemont Integrated Development, comprising Shenyang Longemont Shopping Mall, Shenyang Red Star Macalline Furniture Mall and Shenyang Longemont Offices, is one of the largest mixed-use commercial developments in China with a total gross floor area of about 8.7 million square feet.

Located in Dadong District, Shenyang Longemont Integrated Development sits within the Shenyang Longemont Asia Pacific City ("APC") which comprises other operational developments such as 4-star and 5-star hotels, residential apartments, an IMAX cinema and wholesale centres.

Prominently located along Shenyang's First Ring Road and well-served by extensive road infrastructure, the integrated development also enjoys direct connectivity to the Shenyang APC Transportation Hub, which incorporates the Pangjiang Street Subway Station (serving the operational Subway Line 1 and future Subway Line 10), taxi services, as well as a long and short-distance bus interchange serving 16 inter-city and 90 intra-city bus lines.

Shenyang Red Star Macalline Furniture Mall is positioned as a one-stop destination for all home furnishing needs. The East Wing and West Wing of the mall are master-leased to Shanghai Red Star Macalline Home Furnishing Co., Ltd., one of the largest furniture retail operators in China, and Liaoning Guangcai Property Investment Company, an antique wholesale market operator, respectively.

With its master lease tenants complementing the offerings at the Shenyang Longemont Shopping Mall, Shenyang Red Star Macalline Furniture Mall further strengthens Shenyang Longemont Integrated Development's positioning as a prime shopping destination for households living in Shenyang and the neighbouring cities.

Property Information

Location

No. 24
Pangjiang Street,
Dadong District,
Shenyang,
Liaoning Province

Description

Retail Podium:
8 retail levels
(7 above ground
and
1 basement level)

Car Park:
1 basement level

Tenure

Commercial:
40 years, expiring on 20 January 2049

Others: 50 years, expiring on
20 January 2059

Effective Interest (%)

50

Valuation1 (S$)

542,974,000

Land Area (sq ft)

482,711

Gross Floor Area (sq ft)

2,609,575

Net Lettable
Area (sq ft)

2,558,751

Operational

Since
September 2010

Anchor/Major Tenants

Red Star Macalline,
Liaoning Guangcai
Property Investment
Company

Notes:

Valuations as at 31 December 2015 are based on a foreign exchange rate of SGD/RMB of 4.6098.